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Oracle selloff brings attractive entry point, says Deutsche Bank

Deutsche Bank believes the recent pullback in shares of Oracle (ORCL) brings an attractive entry point. The firm reiterates a Buy rating on the name with a $375 price target The shares at current levels give Oracle little if any credit for its business with OpenAI, the analyst tells investors in a research note. Deutsche says that while the deal brings financial and operational risks, these are offset by the “very real opportunity” and that OpenAI offers.

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